Inflation and concerns about weakened economy drove index down nearly 5% month-on-month and nearly 15% year-on-year. Consumer sentiment fell throughout January, posting a cumulative loss of 4.8%, sinking to its lowest level since November 2011, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 67.2 in the January 2022 […]
Würth Group Reports Record Sales
The Würth Group set historic records in the 2021 fiscal year: According to the preliminary annual financial statements, the company generated sales of €17.1 billion ($19.1 billion) an increase of 18.5 percent, or 19.0 percent adjusted for currency effects, from €14.4 billion in 2020. In Germany, the Würth Group’s sales grew by 14.1 percent to […]
PEMCO’s McNaughton Elected Chair of IIHS Board of Directors
Stan McNaughton, president and chief executive officer of PEMCO Mutual Insurance Company, has been elected chair of the Insurance Institute for Highway Safety’s Board of Directors for 2022. McNaughton takes over from Dan Clapp, executive vice president at Shelter, who remains on the Board. “I am honored to chair the Board for IIHS after partnering […]
AASP/NJ to Host Overcoming Insurer Objections Virtual Training Event February 16
Tim Ronak, senior services consultant of AkzoNobel Performance Coatings, is next up in the Alliance of Automotive Service Providers of New Jersey’s (AASP/NJ) training schedule, presenting Overcoming Insurer Objections to Payment for Requested Procedures via Zoom on Wednesday, February 16 from 6-8 p.m. (EST). Rapidly evolving construction of modern-day vehicles, embedded with critical safety and ADAS technology, […]
CREF Invites Creative Students to Art Meets Automotive Design-and-Create Competition
The Collision Repair Education Foundation (CREF) is asking all creative career and technical students, “What Inspires You?” and they could win a $500 prize for answering the question. To find out, the Foundation has designated this question as the theme of its new “Art Meets Automotive Design-and-Create Competition.” Submission requirements and other registration information can […]
Focus Advisors Reports 62 MSOs with Over 300 Collision Repair Locations Acquired in 2021
Firm says 2021 activity bounced back compared to last year. Focus Advisors Automotive’s David Roberts and Chris Lane released an analysis of 2021 collision repair facility acquisitions and consolidator growth. According to the report, with 2021 now in the rearview mirror, the industry is catching its breath after a year of sprinting that saw extraordinary […]
State Farm Doubles Venture Capital Effort
State Farm Ventures announced the expansion of its venture capital investment fund to $200 million, up from the initial commitment of $100 million in September 2018. The fund focuses on start-up companies that align with the strategic goals of State Farm, which include helping meet customers’ needs in more ways. “Throughout our 100-year history, continuous […]
Fix Auto UK Adds Collision Repair Center to Network in Northeast
Fix Auto UK announced the addition of Sherwoods Accident Repair Centre, part of the Sherwoods Motor Group, will now operate as Fix Auto Washington. The collision repair center joins following an aggressive investment program that has seen the installation of two energy efficient spraybooths – one of which is designed to accommodate large LCVs, camper […]
Nationwide First Insurer to Equip Field Appraisers with CCC Mobile Appraiser Pro
CCC Intelligent Solutions (CCC) announced the availability of CCC Mobile Appraiser Pro, a native app for appraisers designed to accelerate the claims process by driving efficiency and consistency into field inspections. Nationwide is the first auto insurer to activate CCC Mobile Appraiser Pro. “At Nationwide, it is our strategy to provide customer centered solutions that […]
Cory Lyda Promoted to VP of Operations at Dent Wizard
Dent Wizard International announced it recently promoted Cory Lyda to vice president of operations. The promotion was effective Jan. 1. In his new role Lyda will serve primarily as the field liaison for the corporation and oversee product-related initiatives. He will continue his role in managing Dent Wizard’s key services, a growing segment of the […]
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